Gray Television (GTN) to Acquire All Schurz Communications Radio, TV Stations in $442.5M Deal
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Gray To Acquire Schurz Communications, Inc.'s Television And Radio Stations For $442.5 Million
September 14, 2015 4:15 PM EDTATLANTA, Sept. 14, 2015 /PRNewswire/ -- Gray Television, Inc. ("Gray" or "we" or "our") (NYSE: GTN and GTN.A) announced today that it has reached an agreement to acquire all of the television and radio stations of Schurz Communications, Inc. ("Schurz") for approximately $442.5 million including working capital at closing. Gray will host an investor call beginning at 9:00 a.m. Eastern on Tuesday, September 15th, to discuss this transaction further.
The transaction announced today demonstrates Gray's commitment to acquire high-quality stations in attractive markets and will increase Gray's scale, the quality of its portfolio, and its exposure to politically... More
